Oxford Business Group’s Post

Know Before You Invest! The Importance of Ranong-Kawthaung Checkpoint to Thailand. The Ranong-Kawthaung checkpoint is one of the crucial border trade points between Thailand and Myanmar. Its importance includes: Key Trade Route: This checkpoint connects Southern Thailand with Southern Myanmar. Transporting goods through this checkpoint facilitates quick and efficient trade between the two countries, making it a key route for importing and exporting goods such as agricultural products, seafood, and industrial products. Tourism Promotion: The Ranong-Kawthaung checkpoint is a vital passage for tourists traveling to Kawthaung and nearby tourist attractions. The convenience of travel through this checkpoint makes it a significant gateway for tourism linkage between the two countries. Development of Special Economic Zones: This checkpoint is part of special economic zones developed collaboratively by the Thai and Myanmar governments to promote investment and economic development in the region. It offers investors significant opportunities to expand their businesses and explore new markets. Infrastructure Connectivity Development: The Ranong-Kawthaung checkpoint is a critical connection point in the transport and communication network between the two countries. There has been investment in developing infrastructure such as roads, ports, and other facilities to support the growth of trade and transportation. Supporting ASEAN Regional Trade: The Ranong-Kawthaung checkpoint is part of the trade linkage within the ASEAN region, facilitating easier and faster transportation of goods among ASEAN member countries. This enhances economic cooperation within the region. Given these points, the Ranong-Kawthaung checkpoint is an essential economic linkage point and offers promising opportunities for investment and business development in the region.

#venturecapitalthailand Thailand's Macroeconomic Update January 8 to January 12 , 2024 Boosted by a thriving tourism sector and lower living costs, Thailand's Consumer Confidence Index hit 62, prompting PM Srettha Thavisin's proposal of a 5 billion baht budget to enhance 11 industries. The Bank of Thailand reports a 68% occupancy rate for accommodations, while investors project a Set index surge to 1590 points. Fetco sees a bullish December at 137, up 38.9%, fueled by tourism recovery and economic stimulation, signaling optimism for Bangkok residents. For more macroeconomic updates, read here : https://lnkd.in/gxXRteSE #MetaCapital #Thailand #macroeconomy #ThailandNews #VentureCapitalThailand

Sandiaga Uno, the Minister of Tourism and Creative Economy of Indonesia, addresses the nation's efforts to promote tourism and grow the creative economy through green initiatives and the creation of more green jobs. These efforts aim to turbocharge economic growth through tourism, with the primary goal of achieving developed economic status by 2045. In response to the President’s concerns about Indonesia’s competitiveness compared to ASEAN neighbors like Singapore, Malaysia, Thailand, and Vietnam, the minister announced plans to cut red tape and bureaucracy to attract more international events. Additionally, there’s a dynamic push towards digitalization to supercharge the creative economy, extending beyond performance and services to include fashion and culinary products. What do you think? Could these initiatives boost Indonesia’s competitiveness in the tourism sector? #Tourism #EconomicGrowth #GreenJobs #DigitalEconomy #Indonesia #SustainableTourism #CreativeEconomy #WCA

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐂𝐥𝐢𝐦𝐛𝐬 𝐀𝐒𝐄𝐀𝐍 𝐑𝐚𝐧𝐤𝐢𝐧𝐠𝐬 𝐢𝐧 𝐋𝐚𝐭𝐞𝐬𝐭 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 Thailand has advanced to 25th place from 30th in the global competitiveness rankings, surpassing Malaysia to become ASEAN's second-ranked country. The IMD World Competitiveness Center's 2024 Report highlights Thailand's significant economic performance improvements, particularly in international trade and current account balance. Despite a slight decrease in overall score, Thailand's economic zones showed notable gains in sectors like business efficiency and international trade, underlining its growing competitiveness in the region. source: https://lnkd.in/gEsTSps3

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐉𝐨𝐡𝐨𝐫'𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐧𝐚𝐢𝐬𝐬𝐚𝐧𝐜𝐞: 𝐀 𝐓𝐚𝐩𝐞𝐬𝐭𝐫𝐲 𝐨𝐟 𝐏𝐫𝐨𝐬𝐩𝐞𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐏𝐫𝐞𝐬𝐭𝐢𝐠𝐞 Johor, a vibrant state in Malaysia, is on the cusp of a transformative economic renaissance, poised to elevate its status as a hub of prosperity and innovation. With a convergence of economic zones and prestigious events on the horizon, Johor stands at the forefront of a new era of growth and development. The state is set to witness a surge in economic activity, business opportunities, investments, and tourism impacts, fueled by its unwavering prosperity that knows no bounds. This prosperity overflow is underpinned by several key factors that are shaping Johor's trajectory towards success. 𝑬𝒔𝒕𝒂𝒃𝒍𝒊𝒔𝒉𝒎𝒆𝒏𝒕 𝒐𝒇 𝒕𝒉𝒆 𝑺𝒑𝒆𝒄𝒊𝒂𝒍 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒁𝒐𝒏𝒆 (𝑺𝑭𝒁) At the heart of Johor's economic resurgence lies the establishment of the Special Financial Zone (SFZ). Notably, Forest City has emerged as a pivotal player in the Johor-Singapore Special Economic Zone (SEZ), signaling a strategic collaboration that promises to drive economic growth and investment opportunities in the region. 𝑬𝒔𝒕𝒂𝒃𝒍𝒊𝒔𝒉𝒎𝒆𝒏𝒕 𝒐𝒇 𝒕𝒉𝒆 𝑰𝒏𝒗𝒆𝒔𝒕 𝑴𝒂𝒍𝒂𝒚𝒔𝒊𝒂 𝑭𝒂𝒄𝒊𝒍𝒊𝒕𝒂𝒕𝒊𝒐𝒏 𝑪𝒆𝒏𝒕𝒆𝒓 𝑱𝒐𝒉𝒐𝒓 (𝑰𝑴𝑭𝑪-𝑱) Further bolstering Johor's economic landscape is the establishment of the Invest Malaysia Facilitation Center Johor (IMFC-J). This initiative fosters investment cooperation between Federal and State agencies, streamlining business and investment dealings in Johor and paving the way for enhanced economic partnerships. 𝑯𝒐𝒔𝒕𝒊𝒏𝒈 𝒐𝒇 𝒕𝒉𝒆 𝑨𝑺𝑬𝑨𝑵 𝑻𝒐𝒖𝒓𝒊𝒔𝒎 𝑭𝒐𝒓𝒖𝒎 Adding to Johor's allure is the prestigious hosting of the ASEAN Tourism Forum from January 19 to 25, 2025. Forest City has been selected as the esteemed venue for this international event, underscoring Johor's prominence on the global stage and positioning it as a premier destination for tourism and business engagements. As Johor embarks on this promising journey of growth and prosperity, the state and the region at large are poised to reap the benefits of strategic opportunities and well-organized investment plans. Forest City, in particular, is set to emerge as a beacon of economic vitality and innovation, drawing interest from investors and businesses alike. In conclusion, Johor's economic renaissance is a testament to the state's resilience, vision, and commitment to fostering a dynamic and thriving economy. As the tapestry of prosperity unfolds, Johor's trajectory towards success is illuminated by a blend of economic marvels and prestigious events, positioning the state as a beacon of prosperity in the region and beyond. #investjohor #majujohor #johor #investment #majujohor2030 #jssez

The Industrial and Commercial Bank of China Ltd. will offer 300-billion yuan ($41 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s second-largest economy. The country’s biggest bank signed a cooperation pact with China’s culture and tourism ministry on Tuesday to “stimulate” tourism investment and spending, according to a statement posted on the ministry’s official WeChat account. The bank, also known as ICBC, and ministry will work together on key tourism-related construction projects, according to the statement. Some tourism agencies based in several Asian cities including Seoul, Tokyo and Thailand also signed agreements with ICBC’s branches. China’s economy has been hampered by deflationary pressure and a protracted property crisis, dampening consumer spending. Tourism, however, has been a rare economic bright spot. The country saw domestic tourism trips soar 93.3% last year from 2022, with spending reaching 4.91 trillion yuan, a year-on-year increase of 140.3%. During February’s eight-day Lunar New Year holiday, domestic trips rose 19% from the pre-Covid 2019, while spending climbed 7.7%. Source: Bloomberg News #china #beijing #chineseeconomy #tourism #consumption #investments #gdp #financialservices #icbc

Cambodia’s tourism is gearing up with the launch of the Cambodia-India Tourism Year, aiming to increase Indian tourist numbers by 3-4 times. Meanwhile, data shows Angkor Archaeological Park earned $30.33 million from ticket sales in the first eight months of 2024, marking a 31.3% increase from last year. Here are other key insights from East-West Weekly Digest: - Finance: The International Finance Corporation (IFC) has increased its investment in Cambodia’s financial sector by 260%, from $167.5 million to $438.5 million over the past five years. - Google in Vietnam: Alphabet's Google is considering building a large data center near Ho Chi Minh City, marking a potential first investment by a U.S. tech giant in Vietnam. - Banking: Hong Kong-listed CSC Holdings is purchasing a 26.8% stake in Citystate Savings Bank in the Philippines for 736 million pesos ($13 million) to expand into Southeast Asia’s financial markets. -Insurance：Prudential’s sales in Singapore drove a 9% increase in first-half profits, reaching $1.54 billion, despite slower business in key markets like Hong Kong and China. Join our telegram channel for more in-depth coverage of these developments in Southeast Asia’s growing markets. [https://lnkd.in/gkzrrVdV] P.S. Which sightseeing spot would you recommend for tourists visiting Cambodia? Share in comments! #Cambodia #Tourism #Finance #ASEAN #Investment

Interesting to see this development in SE Asia

Did you know that tourism contributes significantly to the GDP of many countries in the Asian region? From Macau’s astounding 50% to Thailand’s robust 20%, tourism is a major economic driver. Check out the latest data on GDP contribution from tourism in 2023:  Macau: 50%  Thailand: 20%  Cambodia: 19%  Malaysia: 15.9%  Philippines: 12.7%  India: 9.2%  Vietnam: 9.2%  Japan: 7.5%  Indonesia: 5.5%  Hong Kong: 4.5%  Taiwan: 4.4%  South Korea: 4.2%  Singapore: 4%  Brunei: 1.5% Tourism not only fuels local economies but also fosters cultural exchange and global connectivity. To look deeper into the tourism industry and gain more insights, do not hesitate and check our research and case studies at: https://lnkd.in/gjzxuZSC #EternityX #Tourism #GDP #EconomicGrowth #AsiaPacific #SustainableTourism #ChineseTravellers